Hang Seng Index opened up 0.07%; Hang Seng Tech Index up 0.47%. GAC Group (02238.HK) rose more than 8% after proposing an A-share issuance to acquire FAW's stake in a joint-venture automaker.

ECB Governing Council member Kazaks said the likelihood of further monetary policy tightening is increasing; we can move gradually and need not act hastily.

China International Capital Co research says near-term overseas shocks still need to be digested: Middle East geopolitical risk persists and Fed credibility will take time to repair. September is the seasonal peak for US investment-grade issuance, which could push credit supply higher and prevent a rapid fall in Treasury yields. Global liquidity is overall tight, increasing the likelihood of wider risk-asset volatility. Key near-term drivers to watch are the Sept FOMC, oil moves tied to geopolitical uncertainty, and US midterm election effects. The firm views external shocks to A-shares as largely temporary and says the medium-term market trend remains intact; the longer-term steady-uptrend since Sept. 24 is likely to continue.